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sandy victims are still in the cold. are lawmakers using the super storm to push the green agenda and push you to pay more. >> climate change is a city wide challenge and not just a coastal challenge. we have to reexamine all of our major infrastructure in leist sandy and how to modernize it in order to protect it >> new york city mike bloomburg not mincing words linking sandep to global warming. rich, you are concerned that they will use it to spend money. >> ralm emmanuel had a famous phrase working with president obama. never let a crisis go to waste. how doou turn it in to a political advantage. anybody can go on google and ask the question of how much has the planet warmed up. 1.3 degrees faren heit and nothing since 1998 . so to blame sandy on global warming is a real stretch . >> also unseemly about talking about spending money and sandy victims are the cold now. >> goyce, all the mayor is saying. there is not a government conspiracy behind everything people do. he said we will have to rebuild in thereas that were destroy do it sensibly and as we have more storms that are
at 7.7%. the best number since december of twachlt the labor department says superstorm sandy had little affect on those numbers. >>> the markets continue their familiar pattern of following the latest word or words or hopes on the fiscal cliff. no major moves during the week, but several times the market ran out of steam toward the end of the trading session. as for the fiscal cliff, the house of representatives left for a long weekend on wednesday. while there may be some behind-the-scenes action in terms of the talk no one from the house is home. they announced 11,000 layoffs from citi. the markets liked the move. the stock rallied on the expense cuts. netflix and disney announced a licensing agreement that will give netflix the right to show disney movies shortly after the they leave the theaters. so much to talk about, the fiscal cliff, jobs numbers, the state of the economy who better to talk about it than robert reich and current economics professor at the berkeley. let's talk about the numbers. on friday the surprisingly strong jobs numbers, 146,000 new jobs created. the u
is saving chistmas... for victimm oo hurricane sandy. ((break 1)) [ loud party sounds ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. nine grams protein. zero fat. (((d lib meteorologist)) 3 ((traffii reporter ad llbs)) map green liberty 40 map 3 3 3 3 still to come... tis the season... for festive decoratin. decorating.the newwnumbers -&t in holiday-rrlated injuries. (sadie) "i don't think santa clause will know where theer houses.. because they don't have a house. house.attempting to make the holidays brighter... for the victims of hurricane sandy.the 5-year-old who's idea... has taken on a life of ittsown. ♪ i -- i got it, i got it made ♪ ♪ i got it made, i got it made ♪ ♪ i got it made fresh at subway ♪ ♪ breakfast made the way i say ♪ [ male announcer ] at subway, you got it made. try a steak, egg white & cheese, tricked out any way you want. subway. eat fresh. but the acidic levels in
now elaine quijano tells us new orleans firefighters are returning the favor following sandy. >> what would you want to say to these guys? >> i love them for coming up here. this is the captioning sponsored by cbs this is the "cbs evening news." >> jeff: good evening, i'm jeff glor. they are the storms that don't seem to quit. torrential rains and powerful winds sweeping across northern california one more time. thousands are without power. and rising floodwaters are threatening many more. still it could have been much worse. carter evans is in sonoma tonight. >> reporter: this was the last punch in a weather system that's been pounding california for five days. and it was supposed to be the worst. the rains came with a vengence, high winds uprooted trees and overturned trucks near san francisco. to the east colder temperatures turned heavy rain into snow, saving the mountain town of truckee from the predicted flooding. california's wine country had also braced for the worst. >> the water was coming very fast and furious but the cole vert system that we've created was able to
of climate change. we need to rebuild and rethink our infrastruure. >> hurricane sandy victims are still in the cold. are lawmakerssing the super storm to push the green agenda storm to push the green agenda and push you to pay more. can i help you? i heard you guys can ship ground for less than the ups store. that's right. ie learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you know how painful heartburn can be. for fast, long laing relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. at legalzoom, we've created a betteplace to hane your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questi
sandy has affected us in delaware compared to our neighbors to the north. we are doing okay. this sandy didn't spare delaware and we have produced beyond our state's ability to provide. from the moment it is clear we are in the storm's path, i've been grateful for the work of governor jack martel and his entire team. state, county, local officials, first responders, american red cross, national guard, many volunteers are hoped to protect the residents as it approached and well after it passed. president obama, fema, the rest of the administration's team working hand in glove with their state team. in this case there was really a team. as i like to say there is no i in the word team. i should have the army corps of engineers has been particular in responding to hurricane sandy. over the years, funded by a series of storm protection projects in maryland are polite, robust and strong, healthy systems. these types of projects criticized at the time by some on my opinion because they performed exceptionally well during sandy black hundreds of millions, maybe billions of dollars in damage. as
.s. are expected to have slowed significantly in november as hurricane sandy battered the economy. and euro hits a session low, 0.4% as problems in europe's periphery continue to weigh. a powerful 7.3 magnitude earthquake has struck across japan's northeastern coast. the quake rocked buildings as far as tokyo according to reports. u.s. geological survey said there was no threat in the wider pacific ocean. the yen has been rising to a session high before we got details of that. and right now, you can see dollar-yen at 82.39. 82.17 before that happened. some safe haven in-flows into japanese currency. if there was going to be a wave in terms of tsunami that was going to hit, it would have happened around five, six minutes ago and she had yet to see any specific drop or change in the sea level. so we'll hope that that continues on that particular way. atomic power says no irregularities seen at its nuclear plant. operations are normal after the quake. so we'll keep our eyes on that. and we'll see if there's any further reaction, as well. hurricane sandy is expected to have put a big department in t
since super storm sandy hit the east. any jobs that were lost economists are expecting a lousy report as a result of the storm. but regardless of what the number is, we are still one day closer to the fiscal cliff. even though speaker of the house john boehner's office says the lines of communication on both sides are open we know one thing is not being discussed by democrats and that one thing is extending the busheir raw tax cuts for top earners. >> oo i am not going to sign any package that prevents the top to go up but i am going to get something that is good for this fm lay and good for the american economy. >> in the senate mitch mcconnell proposed a vote on the part of the president's proposal that would allow the white house and not congress to control on its own without their input. but majority leader harry reid said that is not. >> if the president's proposal is made in good faith our friends should be eager to vote for them. so i am surprised the majority leader declined a chance for them to support it for their votes. so i guess we are left to conclude that it couldn't pa
recovering from devastation caused by superstorm sandy. >> i think the most likely explanation here is sandy's impact was significant but was so short-lived that it didn't extend to the sample period of the employment report which was the week that covered november 12. >> reporter: hiring was also supposed to be weak due to worries about the fiscal cliff. with $600 billion in automatic tax hikes and government spending cuts set to start next yer, why aren't more firms postponing hiring decisions? >> what we're hearing from businesses is that it is really hard to actually pull back hiring right now, because they've already fired so many workers, gotten so lean that it's really difficult. >> reporter: but not all the surprises in the report were good. at 7.7%, the unemployment rate hit its lowest level since december 2008. but that was mostly due to people giving up their search for work. and there's another disappointing trend, weak wage growth. >> what we are not seeing is strong income generation. the slowing in wage gains-- the weak bargaining power of labor comes across in this report and
pills. welcome back everybody. help is on the way for hurricane sandy victims in washington. getting that money approved will not be easy. >>let white house sent letters to john boehner and harry reid requesting 60.4 billion saying after hurricane sandy they're funds necessary to finance. and there is impants . in dc money is quiet . speaker boehner said we have the request and we will view it they need to make sure they don't spend too much money they don't should saying it is our responsible to make sure they are giting the most . that i can sure they are times and targeted. governors of new york and jers. asked for it 79.billion and this is well short of governors and senators are thankful for the money and senators say it is it a tough fight in the congress given the fiscal cliff . members are not friendly to disaster relief. but the care has given a good head start. president obama signed an executive ordering the tax force . it will be shared by the secretary of housing and urban. >> and tough words from mike huckabee. when it comes to the bible. american is ignorant. >> news a
, not with this, for super storm sandy but with this. stay tuned. [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to
department says sandy had only a minimal effect. is it true a clean number and what are conspiracy theorists saying. >>> a comment hastings made last july. what does it say about s.e.c. rules and whether they are out of date. >> mcdonald's will post same store sales on monday gets an upgrade to buy taking the forecast to a street high after surveying franchisees. we begin with november jobs number. 146,000 nonfarm jobs added last month above forecast of 80,000. october and september payrolls were revised lower. unemployment rate fell by 0.2 to 7.7. that's the lowest in four years. the dip occurring mostly because more people stopped looking for work and were not counted as unemployed. as for hurricane sandy, the labor department says the storm did not substantively impact the november results and that probably was the biggest surprise to everybody. >> this is a very strong number. i think only u.s. government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's
shore. they are still suffering from the aftermath of sandy. they testified, along with fema, about the immense challenge of rebuilding after sandy. there'll be significant challenges with housing. does he assistance with housing is limited. the maximum amount that tammy's is about $31,000 if they have insurance. -- the maximum amount that can have is about dirty $1000 if they have insurance. it was not a hurricane when sandy made landfall. police say a man onto subwayer tracks. that man has been arrested. naeem davis pushed a man onto the subway tracks. he is homeless. police suspect he has mental problems. according to testimony given by a former marine corps , lawyers say he has spent nine months in confinement with no close. the government says it was done --keep manning i>> it in the robbery of an atm did not go as planned. the bank employee was the first to spot it. police say surveillance video attacking and detonating a device a few hours earlier. machine.not get to the it continued to operate. a bomb sniffing dog located a second possible device, but nothing was found. park
in southeast baltimore... is....collecting toys.../ llst theirs.../ in... superstorm sandy. sandy. sa--dira.... merge-a-fay../. nick-named... "sadie claus"... kickeddoff... her donation drive ...about two weeks ago... / after... she saw a story ..about the devastation sandy....// she... told her mother ...she wanted to do sooething....// so... they started a facebook event page... assing people to donatt... new, the response has been huge... (sadie) "i want the children to be happy too.. like, they can have tteir toys so they can play with them.. cause they don't have any toys anymore." anymore." so ar... / p sadie... collected nearly 3-thousand dollars... worth f toys... for chillren...//. if... you want to donate.../ stop by ...the parget ...in... white marsh truck" event...//. all -- donations... will be sent ...to saint mary's... by the sea ... in... point pleaaant, new jersey. -- react to story -- &panother fall-liie day....sunn and cool out...how will we finish out the weekend? meteorologist emily gracey... 3 3 teerel
about hope. the united nations using the tragedy of superstorm sandy, tragedy of superstorm sandy, trying to get c c c c c [beep] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, musiclaying louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out w it can help frontline health workers bring hope to llions of children at everybeatmatters.org. ♪ remember when ♪ ♪ 30 seemed so old ♪ now looking back ♪ ♪ it's just a stepping stone ♪ to where we are ♪ where we've been ♪ said we'd do it all again ♪ remember when >> welcome back, playing the sandy card for the green agenda? it's true, the united nations pow wowing this week and using super storm sandy the reason why. and countries could pay up to 100 billion dollar to finance a green climate funds and help the poor nations fight global warming and one of the u.s. top scientists saying the is he vseverity of the storm is no coincidence. >> that's
. >>> we're going to find out how hard super storm sandy slammed the economy with the government's november jobs report. economists fear sandy battered hiring with estimates of 80 to 93,000 jobs added. that's compared to 171,000 in october. >>> well, good news though from yesterday's weekly jobless claims which held steady right around the pre-storm level. >>> elsewhere, apple says it will begin making one of its mac lines here in the u.s. next year. >>> growing criticism across the pond. starbucks is foregoing certain tax deductions that helped reduce its tax bill to zero in britain agreeing to pay $32 million it does not owe. >>> the securities and exchange commission says netflix chief reed hastings may have violated fair disclosure rules with a facebook post saying monthly streaming hours had past 1 billion. netflix stocks soared 6% that day. >>> ibm is revamping its retirement plans contributing to employee 401 k accounts just once a year. >> "the wall street journal" reports the washington post will soon begin charging for online articles after a certain number of free ones. >>> sad n
fema is not that generous when it comes to aid for victims of superstore sandy. >> maryland woke up to this headline -- u.s. denies aid to more storm victims. this is the picture of the face of maryland during the storm. >> barbara mikulski spoke earlier at the senate appropriations subcommittee on hurricane sandy disk -- expressing her disbelief they denied the request for individual assistance for rep -- residents of the lower eastern shore and western maryland affected by the storm. she and other elected officials are pressing fema to reverse course. the state has 30 days to file an appeal. the directors seemed open to giving another look. >> sometimes i struggle with when we say now. it is never easy. it does not mean we are not going to work with the governor and mean it -- see what we can do. >> they will still provide funding to the state that can be used to prepare public structures such as roads and buildings because of the disaster declaration in november. in the wake of superstars sandy, the national hurricane center is expanding its definition of a hurricane in response
-old girl in southeast baltimore is collecting toys for children who lost theirs in superstorm sandy. . . sadira mmrjafary.. who's now being called sadie donntion drive about two weeks agg afterrshe saw a storyy behind by sandy. she told her mother let's give the event page. sadie asked for - people reeponded. (sadie) "i want tte children to be happy too. like, ttey can ave theii oys so they can play with them.. cause they don't hhve any toys anymor" anymore." so far, sadie pas collected nearry 3 p-thousand dollars worth of if you want to donate stop by the target in white marsh this saturday from 1- to-4pm foo ssdie's stuff-the-truck event. aal donations will be sent to st. ary's by theesea parish in point pleasant, new jersey. 3 p3 3 an arrest in the subway murder..... what we're learning about the suspect.... and the response from passengers who filmed the attack iistead of helping. cheryl shepherd "kasandra stay with me. the ambullnce is on the way. you hear me? me? 3 fraatii moments after a kknsas ityychiefssplayer shot and killld his gi
it before hurricane sandy hit the east coast and it survived hurricane sandy. maybe that is a good sign it's going stick around longer than the last one did. that is what is going on down here. the perfect weather and we wanted it to be cool. again, president the and mrs. obama and the girls have not arrived yet. when they do, the first thing is to get the tree lit. keep it here on fox 5. will? >> all right, sue, thank you. >>> surprised to hear the limos lighting up. the walk across the street. the first family, after all. we'll see you soon. >>> and we do have a little tree lighting history for you. the national christmas tree was placed on the e lips back in december 1923. that was the first one. on christmas eve, president calvin coolidge walkedhouse to light the tree. see, sometimes they do walk. over the years, the national christmas tree was located in sherman park, lafayette park, and on the south lawn of the white house. in 1954, it moved back to the ellipse and the traditional christmas eve lighting was moved to earlier in december. >>> i like to hear a little bit of history. >>
-- >> it was -- it was as high as i've ever seen it. >> more than a month than superstorm sandy devoured part of if east coast parts of maryland are still struggling to recover. >> maryland has less than 30 days to file a repeal with fema after its refusal to help those affected by superstorm sandy. they say they are open to give parts of maryland a closer look but kisses of oceancy they -- citizens they say don't need it. the toughest loss -- >> we did loss part of the fishing pier on the ocean front which is big news. everyone relates to the pier. just the eastern portion of the pier. we did loss that but that has been contracted to be rebuilt. >> the pier should be back up before next summer. the mayor tells us there is no lingering problems that the fema is dealing with. they are working on beach maintenance and replenishment. >> tonight's medical alert. a new study out of john hopkins shows that fasting might be key for epilepsy patients. researchers tell us that children with seizures that are treated with a high-fat low carb diet may get an added benefit from fasting. the results suggest that combined
say the slow down in nonfarm payrolls will reflect the effect of sandy. joining us this hour is bank of america merrill lynch global research senior research economist michelle mire and we'll talk through everything that's been happening through jobs and what to expect. but first, there is a developing story. an earthquake off the northeast coast of japan triggered a tsunami warning. the warning has been lifted, but it was a 7.3 quake. so far no reports of any injuries or damage. it was for the same area devastated by an earthquake and tsunami back in march of last year. we will continue to bring you any developments. in the meantime, steve has some of the morning's top other stories. >> let's start with the markets. asian stocks rallying to 2012 highs overnight. the nikkei edging lower after hitting a se hitting hitting a seven month closing high yesterday. european trading, shares seem to be fwllat. bundesbank announced it had cut its growth outlook for the country. in the u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for
city facing rising sea levels and the next big storm. >> if sandy were to come close or directly into norfolk i think we'd all be in big trouble. >> brown: we assess the latest diplomatic moves to end syria's war, as secretary of state hillary clinton meets with russia's foreign minister. >> woodruff: and ray suarez has the story of a program that aims to put students at low-achieving schools on a path to high school graduation. >> we're here to make things better. we're here to tutor kids. we're here to make sure that they stay on track. we are here to make sure that they graduate. we want to prepare them for high school. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for
be 8%. and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it? so with that in mind, what's the game plan for next week? first off, perhaps the most important day of the week is monday. but not for any earnings. not for any releases. that's when we process the results of the weekend talk shows, which you now have to watch as if we were instead of watching, you know, college gameday, i'm watching like some of those other news stations -- and then of course sunday morning whoever -- you don't even pay attention -- football means nothing now, right? it's all this. last week we
what we know. $60,000 for a sandy relief after billy baldwin has a message for shameless scalpers and sarah turning 33 today. ♪ ♪ ♪ hi. we're spreading the word about honey bunches of oats fruit blends and the unique taste combination like peach/raspberry. with one flavor in the granola bunch and one on the flake. two flavors. in harmony. honey bunches of oats. make your day bunches better. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close frien. ♪ the lexus december to remember sales event is on, offer
on hold or they are working part time for economic reasons what about super storm sandy. analysts say it cut slew of hours. 67,000 americans with full-time jobs worked part time for weather-related reasons. in november, after the storm, that number spiked to more than a million people. traders on wall street said at first they didn't know what to make of the data. but boy the end of the day the dow you was up 81 points to close above 13,100. ed henry is live at the white house with the rest of this story. in good news and in perfect news but the truth is consumer confidence and the fiscal cliff talk could say have something to do with all of it. >> no doubt about it new survey out from reuters, michigan in early december we saw consumer sentiment drop to the lowest level that we have seen since august. that suggests, according to analysts that the increased taxes they are expecting from this fiscal crisis is weighing on consumer spending right now. the other side of this though, of course, is vice president biden went to a diner today to talk to some middle class folks and he basicall
at the hospitals affected in hurricane sandy, and i feel like i need to do the ground work to investigate that for myself. gerri: you're doing work, but not all the people you work with in washington are. some are just taking time off before the holidays when this big issue is on the plate. nancy pelosi had to say about this. >> we should be here and came as a surprise, and i'm really surprised that the republicans would leave. we maim in tuesday, and we left wednesday at twelve o'clock noon. with all that needs to be done, avoiding the conversation, sounds like people don't want to be in town for some reason. gerri: does she have a right -- are the republicans trying to avoid the conversation? >> no, absolutely not. we had a hearing this morning in the joint economic committee on this issue, but, you know, it's difficult. it's a one-sided conversation. we have put proposals out in may. there was a proposal or reconciliation bill to stop or reapportion the sequester that's going to happen on january 2nd, in july, passing a bill extending all current tax rates, additional 12 months to allo
. he has now more reasons to be furious. al gore using sandy to go to war over climate change. here's an inconvenient truth for the president. now, al gore is taking on him as well. >> this storm was related to global warming. we cannot have four more years of mentioning this occasionally, and saying it's too bad that the congress can't act. ♪ >> fema is doing nothing still, just going around in a circle. denied, denied. >> this is terrible. it's gets worse. it's not getting better. >> they blame george bush for katrina. where's obama for sandy? >> how much time do i have to wait? it's been a month. neil: while they were suffering, and fema was shopping, e-mails making victims more angrier with a first responder saying when he got to new jersey, they told us to go to the wal-mart nearby because they didn't have assignments for them. the fema administer says my people are told to go sightseeing. even those who don't flip over him personally are quickly acknowledging that he got and continues to get more done to help people out there than any institution, government, arian or otherw
on and got on the ground. he has now more reasons to be furious. al gore using sandy to go to war over climate change. here's an inconvenient truth for the president. now, al gore is taking on him as well. >> this storm was related to global warming. we cannot have four more years of mentioning this occasionally, and saying it's too bad that the and saying it's too bad that the congress can't act. twin i didn't see them coming. i have obligations. cute obligations, but obligat. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. nd out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possibleloss of . can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by dec
to be furiou al gore using sandy to go to war over climate change. here's an inconvenient truth for the president. now, al gore is taking on him as well. >> this storm was related to global warming. we cannot have four more years of menentioning this occasional, and saying it's too bad that the and saying it's too bad that the congress can't act. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh.sorry about that. [ male announcer ] break from the holiday stress. fedex office. i tell them dentur are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. i just served my mother-in-law
held a hearing on fema's response to hurricane sandy. senators from new york, rhode island, connecticut and delaware testified before the committee on the challenges their constituents face in the aftermath of the storm and what's needed to move forward. >> good morning, everyone. thank you for joining us for this very important hearing on the response and recovery and the challenges before us to superstorm san joaquin. -- with sandy. we're here today to evaluate the response and recovery effortings in the aftermath of hurricane sandy which struck the northeastern united states on october 29, as the largest-sized storm system in u.s. history. hurricane sandy claimed the lives of more than 120 americans, destroying over 340,000 homes. and over 2 hub,000 businesses and leaving more than 8.5 million families without power, heat or running water for weeks. and i understand in a few neighborhoods and in a few buildings in new york and new jersey that still is the case. the scale of this disaster has created significant housing and transportation challenges and a successful recovery will requ
is that sandy had no substantive effect on the data. here are the numbers. unemployment down to 7.7%. the economy added 146,000 jobs, not great but good. a third of that came from the retail sector. 53,000 jobs added. professional and business services up 43,000. leisure and hospitality up. construction, though, lost 20,000 jobs. we should note that jobs numbers were revise d downward, though, for september and october. in september it was revised from 148,000 gain to 238,000. went from 138,000 to 132,000. this month, the 7.7 is a full point lower than where we were at this time last year. so what are we supposed to make of these numbers and does the november report provide us a real sense of where this recovery is right now? let's bring in the man we like to bring in every month, the chief economist for moody's analytics. mark, i have to start with this sandy impact. the labor department specifically put out a statement saying our survey response rates and the affects ee eed states. it did not affect estimates for november. do you believe that? >> i'm skeptical. i mean, new yorke
at fox friends first@fox friends.com. >>> the victims of hurricane sandy had to go for weeks now being played withoextra on thei bills. >> predictions that claim america needs another bill bailout. this for students who can't afford to pay for school. would you be willing to pay up? >> 22 after the hour. take a look at this. a tree crushes a car trapping an oregon couple inside. they had just parked when the tree snapped at its roots and fell on them. amazingly firefighters were able to pull them out through a small opening. customers from the new jersey power company are up in arms they were about to get slapped with a hurricane price hike. the power company will have to raise customer's monthly bills by 1.4 percent. patti ann? >> another student loan delinquency is reaching an all-time high. for the first time it topped credit card debt. will this lead to the next daleout? let's ask san trau smith who joins us from fox business network. >> one of the problems is rising cost of college tuition. it is increasing at a rate much higher than the cost of living. we have a graph to show. ec
moh's slowdown in hiring falls squarely on hurricane sandy, not on any new or widespread weakness in the economy. >> i would expect that by december, we're going to see some bounce back. much of the disruption from sandy was people simply not being able to get to work or firms not employing people that they ordinarily would have. >> reporter: friday, the government will report it's monthly snapshot of the u.s. labor market. it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again. but a big drop in apple shares kept the nasdaq from gains. by the closing bell, the dow was up 82 points,
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